On January 1, 2013, Parquet Sales Issued 40,000 Shares of Common

question 141

Multiple Choice

On January 1, 2013, Parquet Sales issued 40,000 shares of common stock at a price of $22 per share. The stock has a par value of $1.00 per share. In mid-2014, due to dramatic increases in profits, the stock reached a market value of $90 per share. The board of directors approved a 2-for-1 stock split. After the stock split, what will the balance sheet show as the number of shares issued?

• A) 40,000
• B) 80,000
• C) 60,000
• D) 44,000

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Definitions:

Ganglion Cells

Type of neurons located in the retina of the eye that receive visual information from photoreceptors and transmit it to the brain via the optic nerve.

Blind Spot

The point in the visual field that lacks light-detecting photoreceptor cells, where the optic nerve passes through the optic disk of the retina.

Fovea

A tiny indentation in the eye's retina where the sharpest vision occurs.

Rods

Cells in the retina known as photoreceptors are crucial for enabling vision in dimly lit environments.